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Estimating Doubtful Accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due Over 180 days past due Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due Over 180 days past due Balance Total $592,000 65,100 29,600 21,300 15,400 11,200 $734,600 Balance $592,000 65,100 29,600 21,300 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Estimated Uncollectible Accounts Amount 15,400 11,200 $734,600 4 9 Percent Uncollectible 3/4% 17 Percent Uncollectible 42 3/4 % 80 9 17 42 80 00000